Payday Loans in Wales Center, New York

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

No payday loan companies in Wales Center, NY. Consider companies in other cities:

Company nameAddressZip codePhone number
Glenn Fischer - Raymond James 401 Franklin Ave, Garden City, NY 11530 +1 (516) 342 - 4100
Gwen Lorde - TD Bank Mortgage Loan Officer 7955 Metropolitan Ave, Middle Village, NY 11379 +1 (888) 751 - 9000
PNC Bank 4206 Broadway, New York, NY 10034 +1 (212) 444 - 0000
Lendio Western NY 6605 Pittsford Palmyra Rd W1, Fairport, NY 14450 +1 (855) 853 - 0015
KeyBank 16 Coleman St, Chatham, NY 12037 +1 (518) 618 - 4181
Bank of Castile 29 Main St, Le Roy, NY 14482 +1 (585) 768 - 2525
Bank of America Financial Center 33 New Scotland Ave, Albany, NY 12208 +1 (800) 432 - 1000
Hanover Community Bank 2131 Jericho Turnpike, New Hyde Park, NY 11040 +1 (516) 248 - 4868
Chase Mortgage 1600 Main St, Pleasant Valley, NY 12569 +1 (845) 635 - 2191
CFSC Checks Cashed 2254 1st Ave 2254 1st Avenue, New York, NY 10029 +1 (212) 348 - 6278

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Wales Center, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Commack, NY, Payday Loan Companies in Coram, NY, Payday Loans in East Meadow, NY, Quick Loan in Eastchester, NY, Short-term Loans in Elmont, NY, Payday Loans in Franklin Square, NY, Payday Loans in Freeport, NY and Payday Loan for Guilderland, NY. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Wales Center, NY.

Are Payday Loans Legal In Wales Center, New York?

Payday Lending is Prohibited in New York

New York Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

Wales Center, NY payday loan calculator

In Wales Center, New York, payday loans have been outlawed. While payday loans can be a valuable financial tool for some individuals, they also come with high-interest rates and can lead to significant debt if not used responsibly.

The Dangers of Payday Loans

Payday loans are often marketed as a quick solution to unexpected expenses or emergencies. However, the reality is that these loans often carry interest rates of 400% or higher, making them incredibly difficult to repay.

Individuals who take out payday loans may find themselves trapped in a cycle of debt, as the high interest rates make it difficult to pay off the initial loan quickly. This can lead to taking out additional loans and becoming further entrenched in debt.

Payday loans often target low-income individuals and those who are already struggling financially, leading to exacerbation of their financial difficulties.

Why are Payday Loans Prohibited in New York?

New York state has taken steps to curtail the predatory practices of payday loan companies. Payday loans have been outlawed in New York since 2004, with the state deeming them to be illegal due to their high-interest rates and potential harm to consumers.

The state of New York has instead implemented regulations on lending practices to protect consumers. For example, lenders in New York must follow strict guidelines related to the interest rates they can charge and must be licensed by the state to operate.

Alternatives to Payday Loans

While payday loans may not be an option in New York, there are other resources available for those in need of financial assistance. Some potential alternatives include:

  • Credit union loans
  • Personal loans
  • Credit card cash advances (with caution!)
  • Assistance programs and charities

Consumers should carefully research and compare options before deciding on a loan or financial assistance program.

Interesting Facts and Statistics

  • The average payday loan borrower takes out eight loans per year.
  • Payday loans trap approximately 12 million Americans in debt each year.
  • In New York, the maximum interest rate for a small loan (<$2500) is 16% per year.
  • New York has some of the strictest lending regulations in the nation, with protections against payday loans and other predatory lending practices.

Apply Now: Connecting with Potential Lenders

While TheGuaranteedLoans does not make direct loans, we are a connector service that connects potential borrowers with lenders who may be able to meet their financial needs.

To apply for a loan, simply fill out our online application. We partner with lenders who may be able to offer small loans or personal installment loans, depending on your financial needs and credit history.

It is important to remember that payday loans are illegal in New York, and alternative options should be thoroughly researched before making a decision. TheGuaranteedLoans is here to help connect consumers with lenders who can assist them with their financial needs.

F.A.Q.

Can a payday loan company report me to a credit bureau in Wales Center, New York?

No, a payday loan company cannot report you to a credit bureau in Wales Center, New York because these loans are illegal in the state.

Can a payday loan company take me to court in Wales Center, New York?

No, a payday loan company cannot take you to court in Wales Center, New York because these loans are illegal in the state.